If you’re looking for a cloud accountancy application, you probably already realise that you’re spoilt for choice. KashFlow, Xero and FreeAgent are all strong contenders, and there are many more options to choose from. Any new SaaS product in this market has its work cut out.
Talibro is a very new product, having launched just a couple of weeks ago as a cloud service. It was previously marketed as a traditional accountancy package. Its target market is start ups and small businesses with fairly standard needs: managing Accounts Receivable and Payable, recording items in a General Ledger and maintaining an Inventory. The product also has a comprehensive reporting area.
The Talibro team is confident in the usability of the application, bravely claiming that the UI is so intuitive, there’s no need for a user guide.
Two simple prices
Talibro is offered under two very simple pricing options. The free Basic plan allows for a maximum of 5 transactions per month, which is next to nothing in real terms. There’s also a Standard plan where users can work with unlimited monthly transactions.
It’s worth noting that some of the more advanced features, such as the General Ledger, Recurring Invoices and Inventory Management, are only available with the Standard plan. As we signed up for the free plan to write a review, we couldn’t access these features and therefore can’t cover them here.
Logging in to Talibro for the first time takes you through a simple setup procedure. Users input their company details before landing on the Dashboard screen. There are a few more useful links to help users get started: people can create sales and supplier contacts as well as service or inventory items. This wizard-like approach gets you clicking around the application straight away, which a nice way to get to know the layout.
The Dashboard provides simple charts and lists detailing income and expenditure, account balances, overdue invoices, bills to pay and money still due from customers.
The product has a really nice look and feel to it; it ‘s instantly comparable to other accounting SaaS such as Xero, with account settings in the top right, and tabs stretching from the top left of the screen providing access to the other areas of the application. The dashboard appears less cluttered than other dashboards such as the Xero dashboard, but this also means fewer graphs and charts.
One dashboard feature that shows promise is the To-Do List, something I haven’t seen in FreeAgent or Xero. However, users can only add items to the To-Do List whilst in the Dashboard. If this feature was available throughout the application, I think it could prove to be much more useful.
The Sales tab gives easy access to your Invoices, Customers and Payments. These lists can each be exported via a CSV file or an Excel file.
The Expenses tab is used to store details of your suppliers and any cheques that have been issued. Again, these lists are exportable.
The Items tab is used to store details of the products and services that your company sells, along with the pricing details. Active items in this list are used to populate fields in your invoices when you are charging your customers.
The final tab provides access to a range of reports based on the data held in your application. The reports are neatly presented and easy to print, email or export in PDF format.
Much of the settings within Talibro are customisable, as you would expect. This includes the Chart of Accounts, sales terms, taxes, email templates and your company settings.
Pros and cons
When you compare Talibro with other accountancy products, its clear that it is quite different. Features you would find elsewhere, such as quotes, estimates and automated bank feeds, are nowhere to be found. Talibro takes a much simpler approach than its competitors. Having said this, much more feature are available when you sign up for the paid plan, if the free version is enough to convince you to do that.
The product seems to be designed for retailers, which makes sense given its evolution. The Inventory Management and Print Shipping Labels features also underline this (note that they aren’t available in the free version). This may in fact be the product’s strength. Talibro would be well suited to retail companies looking to track their sales using a cloud based application. Larger businesses and service vendors wanting a more comprehensive range of accounting features will most likely want to look elsewhere.
The lack of integrations with Talibro is to be expected. The product has only just entered the cloud and hasn’t yet developed anything at all in terms of integrations, although there is a suggestion that a PayPal integration may be added. Beyond this, there is clear potential for an integration with tax services and bank account feeds (much like other accounting SaaS products have begun to introduce).
Is there the potential to explore some kind of link up to a postal/shipping service? What about staff salaries? These would be an interesting and unique features to further push its credentials as an accounting service for retail outlets.
Where Talibro wins out is in its simplicity. Xero may well be the ‘big daddy’ in this market, but it doesn’t yet offer some of the simple features Talibro has, such as email templates.
Promising start and a clear focus
To judge this product would be particularly harsh given how new it is. I do commend Talibro for a great start, though. It is intuitive and easy to use, it isn’t overly complex, it looks good and has one or two relatively unique features to give it an appeal.
If the product were to remain focussed on the retail industry I think it has the potential to carve out its own niche. In other areas, I feel that it currently has a long way to go before it can rival some of its more established competitors.
- “User roles management. You can create as many different user roles as you want. The limit would 2 to the 30th power), meanwhile most cloud apps offer preset use groups
- Overdue Invoice reminder ( which you can utilize from Invoice listings page. When you sort invoice by Overdue status, you get an option to sent payment notice.)
- Document management. (You can attach documents to any form in talibro.com, Customers, Suppliers, Products, Checks, Bills, Purchases, Journal Entries, Invoices, Credit Notes)
- Inventory management comes with two valuation methods, FIFO (First-in-First-Out) and LIFO (Last-In-Last-Out)
- Flexible Journal Entries, which allows to adjust any balance, even customer and supplier balances, which is rare in cloud accounting solutions(e.g. [another accounting package] does not allow customer/supplier balance adjustments)
- Universal Search. You can search for any item, contact, transaction or transaction components with the universal search tool.
Current API integrations we have are with PayPal, USPS and Google apps (coming up soon. Awaiting Google’s approval)
Coming up features:
- Import Customers, Suppliers, Items and Chart of Accounts from any CSV generated by any system.
- Balance Sheet and P&L nice Excel spreadsheet, exportable template
- Accountant Edition”
Category: Initial Reviews
About the AuthorClaire Broadley is a technical author and SEO copywriter. She reviews cloud applications and SaaS products for Rated Cloud.
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